$22.11 million USD ONDO transfer draws attention: veteran institutional funds are “secondarily flowing”

5 hours ago, addresses associated with Pantera Capital transferred out about 83.9 million ONDO, worth approximately $22.11 million.
Further on-chain tracking found that the receiving addresses for this batch of funds are not unfamiliar—about a year ago, the same addresses received roughly 34.28 million ONDO from Ondo Finance’s multi-signature wallet (worth about $42.52 million at the time), and then moved in batches to Coinbase Prime.
From the perspective of the fund flow path, this is not the first transfer, but an “institutional-grade circulation chain” that has been operating for some time.
In other words, these operations are more like: early position building → institutional custody → batch dispatch, rather than a one-off, emotion-driven trade.
My personal understanding is that when an asset begins to show a “multi-level institutional path,” it means it is no longer just a trading target—it’s more like part of a capital management system. #WCTC交易王PK #美国寻求战略比特币储备 #美联储利率不变但内部分歧加剧 $BSB $MEGA